Cleveland, OH - Bloomfilter, a software development process mining company, announced today that it has successfully raised $7,000,000 in seed funding. The funding round was led by Sequoia Capital, with participation from Techstars, North Coast Ventures, Magarac Venture Partners, and HPA.

Bloomfilter was co-founded by Andrew Wolfe, who realized that software development teams needed a better way to manage their projects. According to McKinsey, 78% of software projects are late, over budget, or don't ship. Bloomfilter aims to reverse this statistic by getting product teams and business stakeholders on the same page.

Bloomfilter uses process mining to analyze software development processes objectively, providing insights that help product teams and stakeholders make better decisions. The company's platform eliminates guesswork and enables teams to ship more software, improving efficiency and reducing costs.

"We're thrilled to have such a strong group of investors who believe in our mission to improve software development processes," said Andrew Wolfe, co-founder of Bloomfilter. "This funding will enable us to expand our team and continue to provide our customers with the best possible solutions for managing their projects."